Application of Proceeds. The Administrative Agent shall apply all proceeds of Collateral to be applied to the Secured Obligations in accordance with the Collateral Documents in the following order:
Application of Proceeds. The Administrative Agent shall apply all proceeds of Collateral to be applied to the Secured Obligations in accordance with the Collateral Documents in the following order:
Application of Proceeds. TheSubject to the terms of the Intercreditor Agreement and the Security Agreements, if the Administrative Agent shall apply all proceeds of Collateralor any Agent collects any money or property pursuant to be applied to the Secured Obligations in accordance withthis [Section 11] or receives any money from the Collateral DocumentsAgent as the distribution of proceeds received upon realization of any Collateral, it shall pay out the money or property in the following order:
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